14 Jun

Bypass price boost for houses for sale in East Sussex?

Bypass price boost for houses for sale in East Sussex?

Property for sale in East Sussex may be worth more due to their proximity to a bypass, research has revealed.

The construction of a new bypass can add an average of 15 per cent to the value of homes in the town or village that benefits, Savills has revealed.

Research found that the price boost occurs not long after construction, before prices begin to fall in line with average figures for their region.

Houses for sale in East Sussex may well have experienced a similar price boost as a result of the construction of the A27.

The bypass raised house prices in the East Sussex town of Polegate by 15 per cent, following its opening in 2002.

Savills claims that the impact of a bypass on house prices is greater than that from other transport projects, such as improved connectivity.

The blight of traffic going through a town or village remains until the new road opens and values stay "suppressed" as a result.

Lucian Cook, director of Savills research, commented: "Clearly, properties closest to main thoroughfares will benefit most from a bypass, but this research shows that a bypass can lift the appeal of a town or village as whole."ADNFCR-1222-ID-800578517-ADNFCR

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